GLS CREATIONS: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
GLS CREATIONS
Largest movements
- Receivables within one year -€135,140
down €135,140 (-30.9%), from €437,614 to €302,474
- Stocks and contracts -€12,338
no longer reported in 2025 (was €12,338)
- Trade debts -€90,307
down €90,307 (-40.3%), from €224,326 to €134,019
- Debts after one year -€50,300
down €50,300 (-32.9%), from €152,850 to €102,550
of which Other amounts payable: -€35,000
- Profit (loss) carried forward -€23,422
new in 2025: -€23,422
- Other debts +€18,135
up €18,135 (+988%), from €1,835 to €19,970
- Write-downs +€150,000
new in 2025: €150,000
- Gross operating margin +€40,396
up €40,396 (+43.1%), from €93,669 to €134,065
- Depreciation -€16,800
no longer reported in 2025 (was €16,800)
- Financial charges -€8,139
down €8,139 (-84.2%), from €9,663 to €1,524
- Taxes +€5,506
new in 2025: €5,506
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €457,944 | €310,100 | -€147,844 | -32.3% |
| Current assets | 29/58 | €457,944 | €310,100 | -€147,844 | -32.3% |
| Stocks and contracts in progress | 3 | €12,338 | - | -€12,338 | |
| Stocks | 30/36 | €12,338 | - | -€12,338 | |
| Amounts receivable within one year | 40/41 | €437,614 | €302,474 | -€135,140 | -30.9% |
| Trade receivables | 40 | €437,614 | €302,474 | -€135,140 | -30.9% |
| Cash at bank and in hand | 54/58 | €7,095 | €7,626 | +€531 | +7.5% |
| Deferred charges and accrued income | 490/1 | €897 | - | -€897 | |
| Total equity and liabilities | 10/49 | €457,944 | €310,100 | -€147,844 | -32.3% |
| Equity | 10/15 | €60,278 | €36,856 | -€23,422 | -38.9% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Reserves | 13 | €15,278 | €15,278 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | - | -€2,500 | |
| Reserves not available under the articles | 1311 | €2,500 | - | -€2,500 | |
| Distributable reserves | 133 | €12,778 | €15,278 | +€2,500 | +19.6% |
| Profit (loss) carried forward | 14 | - | -€23,422 | -€23,422 | |
| Amounts payable | 17/49 | €397,666 | €273,244 | -€124,422 | -31.3% |
| Amounts payable after more than one year | 17 | €152,850 | €102,550 | -€50,300 | -32.9% |
| Financial debts | 170/4 | €17,850 | €2,550 | -€15,300 | -85.7% |
| Other amounts payable | 178/9 | €135,000 | €100,000 | -€35,000 | -25.9% |
| Amounts payable within one year | 42/48 | €244,816 | €170,694 | -€74,122 | -30.3% |
| Current portion of amounts payable after more than one year | 42 | €15,400 | €15,400 | = | 0.0% |
| Trade debts | 44 | €224,326 | €134,019 | -€90,307 | -40.3% |
| Suppliers | 440/4 | €224,326 | €134,019 | -€90,307 | -40.3% |
| Advances received on contracts in progress | 46 | - | €0 | = | |
| Taxes, remuneration and social security | 45 | €3,255 | €1,305 | -€1,950 | -59.9% |
| Taxes | 450/3 | €3,255 | €1,305 | -€1,950 | -59.9% |
| Other amounts payable | 47/48 | €1,835 | €19,970 | +€18,135 | +988% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,800 | - | -€16,800 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €150,000 | +€150,000 | |
| Other operating charges | 640/8 | €2,042 | €513 | -€1,529 | -74.9% |
| Gross operating margin | 9900 | €93,669 | €134,065 | +€40,396 | +43.1% |
| Operating profit (loss) | 9901 | €74,827 | -€16,448 | -€91,275 | |
| Financial income | 75/76B | €1,352 | €56 | -€1,296 | -95.9% |
| Recurring financial income | 75 | €1,352 | €56 | -€1,296 | -95.9% |
| Financial charges | 65/66B | €9,663 | €1,524 | -€8,139 | -84.2% |
| Recurring financial charges | 65 | €9,663 | €1,524 | -€8,139 | -84.2% |
| Profit (loss) for the period before taxes | 9903 | €66,516 | -€17,916 | -€84,432 | |
| Income taxes | 67/77 | - | €5,506 | +€5,506 | |
| Profit (loss) for the period | 9904 | €66,516 | -€23,422 | -€89,938 | |
| Profit (loss) for the period to be appropriated | 9905 | €66,516 | -€23,422 | -€89,938 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.